[Editor’s Note: As we’re coming up on the end of the year, we thought it would be appropriate to republish some of our most popular articles. Today’s was originally published on January 6, 2016] Think of the word ‘money’ for moment. What’s the first image that comes to mind?
Perhaps the folded paper in your wallet. Or the balance in your bank account.
Or perhaps the investments in your brokerage account.
In our modern financial system where unelected central bankers wield totalitarian control over the financial system, all three of these are forms of money.
But the relationship between them is very tenuous, and very risky. I’ll explain:
1) Physical cash No matter where you live in the world, just about every civilized nation on the planet has some form of physical currency in various denominations. Dollars. Pounds. Euros. Yen. Renminbi.
We pass around these pieces of paper as a medium of exchange.
This post was published at Sovereign Man on December 21, 2017.
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